Centene shares are trading lower after the company reported preliminary Q2 financial results and reaffirmed FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Centene shares are trading lower after the company reported preliminary Q2 financial results and reaffirmed FY24 adjusted EPS guidance below estimates.
July 23, 2024 | 3:13 pm
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NEGATIVE IMPACT
Centene shares are trading lower due to disappointing preliminary Q2 financial results and FY24 adjusted EPS guidance that fell below market estimates.
The company's preliminary Q2 financial results and reaffirmed FY24 adjusted EPS guidance below estimates are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100